Downstream demand is relatively weak - 304 stainless steel belt
Tianjin stainless steel co. , LTD
Downstream demand is relatively weak - 304 stainless steel belt
Tianjin stainless steel co. , LTD
by:Hongmei2020-09-08
In this issue of 304 stainless steel with high volatility, but local market in early trading quote is a part of the cut, the circulation to cold rolled base price is in commonly 4100 -
Clinch a deal between 4120 yuan/ton, the overall situation is still not ideal, effectively deal with weak strength of market price support, merchants cautious partial pessimistic about future expectations.
Grows markets wait-and-see atmosphere, the supplier, generally with the holiday starts to increase, the factory inventories increased slowly.
Traders, prices follow manufacturers synchronization with adjustable, but due to the holiday demand release is not obvious, after prices pull up at the same time, the part of the demand, be suppressed, short-term traders whole shipments performance in general, the market is now 'to buy or not to buy up'.
Low temperature pipe, tangshan is RMB 40 yuan/ton, prices continue to rise yesterday rose today steadied after 30 yuan/ton, resource temporarily stabilized, watching, but the recent rise will stronger.
Markets wait-and-see atmosphere is strong.
Although prices stabilised, but the market clinch a deal the situation has not improved, it is understood that the recent linyi has always been the rain weather, site utilization is low, the downstream demand is very weak.
So the increase in the price of steel billet pulling strength of the market is still weak, if the deal doesn't get better, with a 304 stainless steel market prices will not obvious rise, is expected to short-term will also give priority to with disadvantaged consolidation.
According to market feedback, plating board volumes quotation is close to the current local market lows, continue to cut is unlikely.
Ran after the Lantern Festival, the stock market, private manufacturers pressure is quite big.
And this year, manufacturers and businesses are facing funding problems, late upward pressure on prices.
So the author predicts that in the short term market for local or continue to disadvantaged consolidation.
The forward market prices rise continuously, the strong market price, trading volume has increased dramatically, low-cost resources to reduce quotation.
Has been in the slowly recovering, the downstream demand is also slowly opened, despite continued weifang area is still the rain and snow, the impact is not big but for shipment, clinch a deal the case as a whole.
Because the first order partial businessman is less, the current stock market is low, traders have want to reorder, merchants fair.
Overall, the market is relatively stable, the possibility of a short-term run smoothly.
Yesterday volume is light.
The forward market rebound and anti-corrosion steel lining glass size head prices, market confidence restored, partial businessman tentative pull up.
But the downstream demand is still relatively weak in 304 stainless steel belt, clinch a deal the situation is not ideal, so prices space is limited.